The PanasonicLumix DMC-GH2 is a digital camera with HD video recording capability that is part of the Micro Four Thirds System. Though commonly referred to as a DSLR (digital single-lens reflex) camera, it has no mirror or optical viewfinder, but has instead both a fold-out LCD screen and a (somewhat higher resolution) electronic viewfinder. Recording is to a SDHC or SDXC flash memory card in AVCHD or M-JPEG format, giving up to high quality HD 1080P video at 24fps with up to 2 hours per take on the USA or Canadian versions (for the European version it's up to 30 minutes per take due to a European tax on video cameras[citation needed]). The GH2 is also notable for offering 1080/50i and 60i (interlaced) recording modes (compatible with broadcasting) as well as 24p, though 25p and 30p are not supported. The Micro Four Thirds System (crop factor 2 when compared to 35 mm still) does not offer the extreme shallow-focus effects possible with full-frame cameras. Optical image stabilisation is available on Panasonic MFT zoom lenses, and power zoom and power focus is available on some Panasonic X series lenses.

The GH2 was released in October 2010 as a successor to the Panasonic Lumix DMC-GH1. The GH2 comes with a touch-screen display, a feature that was not present in the GH1. Micro Four Thirds has the same sensor size as the Four Thirds System but replaces the complex optical path needed for the optical viewfinder with an electronic viewfinder displaying a live view; this allows for smaller and lighter lenses and bodies. Like the GH1, the electronic viewfinder (EVF) in the GH2 uses a sophisticated projection system to achieve a clearer, smoother display than that of compact camera EVFs. As with the GH1, it lacks a separate autofocus (AF) sensor; the GH2 uses contrast-detect autofocus using the readout from the main sensor. HD video mode also uses this purpose-designed contrast-detect AF system. Just like the GH1, the GH2 supports continuous autofocusing while shooting video.

The Micro Four Thirds sensor has about a quarter the area of a 35 mm stills frame, giving a crop factor of about two, so that a "standard lens" may be regarded as around 25 mm focal length. While the sensor is the same size as the Four Thirds system, the flange to sensor distance is much shorter, which as well as allowing small camera size, means that a great variety of camera lenses can be used with an appropriate adapter. In practice, the electronic focus, aperture control, and image stabilising may not work on an adapted lens, so use of an adapted lens is best considered on a case by case basis.

The camera has a dedicated video button and a stereo microphone. The GH2's electronic viewfinder has been widened compared to the GH1's, increasing the number of dots to 1.53 million from GH1's 1.44 million. The wider screen better accommodates the GH2's over-size multi-aspect ratio sensor. Use of this over-size sensor ensures that the user can take pictures in 3:2, 4:3 and 16:9 ratios without significant cropping — giving approximately 15.1, 15.9 and 13.9MP respectively, compared to the 14.2, 15.9 and 11.8MP that would result from using a "traditional" sensor.[2]

An external stereo microphone socket is provided, which, unusually, is 2.5 mm and not the standard 3.5 mm. Manual levels can be set in four stages (6 dB increments).

The camera is available in two colors — black (model suffix K) and gray (model suffix S).

Noktor Hyperprime 50mmf/0.95 lens (announced February 2010) (35mm EFL = 100mm) SLR Magic was recently tapped as a new producer of this lens as of May 2011[3] making it the SLR Magic Hyperprime 50mm F0.95 lens

Compatibility update for new Panasonic X class lenses with power zoom (PZ) feature.
1. Display of the local length
When you zoom, the focal distance is displayed and you can confirm the zoom position.
2. Step zoom
When you operate the zoom, the zoom will stop at positions corresponding to predetermined distances.
3. Zoom resume
When you switch the power switch [ON], the zoom positions when you last switched [OFF] are automatically restored.
4. Selectable zoom speed
Users can select the speed of electric-powered zooming.

Unlocked ISO up to 12,800 enables shooting in extremely dark conditions or overcome a slow lens

Reportedly, these firmware modifications do not enhance still shots from the camera, although it has been reported there is the possibility that a future firmware release could enhance stills features and performance.[8]

Modifying a camera with third party firmware is potentially risky. An incorrect application of the third party firmware could render the camera inoperative. There have been anecdotal reports from Panasonic of modified cameras being returned with damaged processors.